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    10494 Us Highway 64 Lakeland, TN 38002

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    For Sale
    $1,100,000

    15.406-acre development site with highway frontage near I-40 and I-269.

    Lot size:
    15.41 Acres

    Property Features for 10494 Us Highway 64

    General Information

    Lot size
    15.41 Acres

    Source: Avison Young | Memphis Agent Jeff Higdon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Development Site

    This 15.406-acre commercial land parcel is a prime development site featuring frontage on Highway 64. The property is conveniently located near both I-40 and I-269, offering accessibility to surrounding areas. It is situated approximately 30 minutes from Blue Oval City and Downtown Memphis, and about 15 minutes from the I-40/I-240 Interchange and Collierville.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Storage Facility Garden Center Electrical Service Carpet & Flooring Store Italian Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7121174
    Latitude
    35.2083099

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    FAQs

    What type of property is this?
    Land - 15.406-acre development site with highway frontage near I-40 and I-269.
    Where is this land located?
    The property is located at 10494 Us Highway 64 Lakeland, TN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime 15.406-acre development site; - Excellent Highway 64 frontage; - Convenient access to I-40 and I-269
    (901) 870-6740
    Request Owner's contact information
    10494 Us Highway 64 Lakeland, TN 38002
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    Lakeland, TN 38002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10494 Us Highway 64 Lakeland, TN 38002
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